Post-baccalaureate Certificate in Health/Medical Preparatory Programs. — ROI at Charles R Drew University of Medicine and Science

CA  ·  Based on U.S. Department of Education College Scorecard data

Financial Breakdown for Health/Medical Preparatory Programs. at Charles R Drew University of Medicine and Science

Net Annual Cost

$33,973

After grants & scholarships


$0

Median Earnings

$76,950

Median salary after graduation

Net Debt

$29,750

After personal savings applied


$0

20-Year Net ROI Projection

Gross Earnings (20 years)

$76,950 × 20 years

+$1,539,000

Total 1-Year Cost

$33,973 × 1 years

−$33,973

Estimated Debt Payoff Includes estimated interest over a standard 10-year repayment plan.

$29,750 principal × 1.35 (interest)

−$40,162

Baseline Opportunity Cost The estimated earnings you would make with a high school diploma over 20 years ($42,000/yr), which you forfeit while studying.

$42,000 median no-degree salary × 20 years

−$840,000

20-Year Net ROI

+$624,864

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How we calculate ROI

20-Year Net ROI = Gross Earnings − Total 1-Year Cost − Estimated Debt Payoff − Baseline Opportunity Cost

Baseline assumes $42,000/yr median earnings without a college degree. Debt payoff uses a 1.35× multiplier to account for interest over a standard repayment period.

Data sourced from the U.S. College Scorecard.